We are economists who think that the economy should serve people, the planet and the future.

Some politicians and economists still cling to the old claims that bigger is better, greed is good, a fossil-fueled economy is inevitable, and inequality is efficient. A growing body of evidence has shown this model to be bankrupt.

Instead of prosperity, it is feeding ever-wider inequalities of wealth and power that erode our health and economic well-being.

Instead of full employment, it is generating monthly job growth that fails to match labor force growth.

Instead of a sustainable future for our children and grandchildren, it has brought us to the brink of an unprecedented environmental crisis, consistently overstating the costs of actions to protect our climate while understating their benefits.

Instead of a competitive and resilient economy, it has fostered the growth of “too-big- to-fail” banks and corporations whose political power threatens the integrity of our democracy itself.

We call for a new economy founded on the building blocks of a level playing field, true- cost pricing, resilience, and real democracy.

In addition to new and effective policies in the critical arenas of job creation, housing, health care and regulation, we call for support for 21st century alternatives to the centralized, unfair, and unsustainable economy of the 20th century.

A new economy is already taking root across the country. The new economy includes small businesses accountable to the communities they serve. It includes clean energy producers. It includes worker-owned cooperatives. It includes locally based farming and food markets. It includes the peer production sector that gave birth to Wikipedia, Linux, and Freecycle.

The growth of this new economy demonstrates that economic activity can flourish when guided by social benefit rather than by private profit alone.

We extend our support to all who are working to build a new economy for our century – an economy that works for people, the planet, and the future.

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